https://www.taxtmi.com/caselaws?id=110211 The court, upon finding the respondent-company to be indebted and unable to pay its debts, deemed it just and equitable to wind up the company. The Official Liquidator was appointed as the liquidator, with directions to inform the Registrar of companies about the decision. Despite initial willingness to settle, the respondent failed to meet the terms of the settlement, leading to the appointment of the Official Liquidator as the provisional liquidator pending payment. The respondent was given a final opportunity to pay the outstanding amount within a week, failing which the provisional liquidator's appointment would take effect. en-us Thu, 07 Oct 2004 00:00:00 +0530 Sat, 14 Apr 2012 12:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110211 The court, upon finding the respondent-company to be indebted and unable to pay its debts, deemed it just and equitable to wind up the company. The Official Liquidator was appointed as the liquidator, with directions to inform the Registrar of companies about the decision. Despite initial willingness to settle, the respondent failed to meet the terms of the settlement, leading to the appointment of the Official Liquidator as the provisional liquidator pending payment. The respondent was given a final opportunity to pay the outstanding amount within a week, failing which the provisional liquidator's appointment would take effect. Case-Laws Companies Law Thu, 07 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110211